Dear Clients,
Please note the SEC adopted new rules related to short sales. This rule is effective September 18, and expires October 1, unless extended.
If you are short a security and our clearing house, Ridge Clearing, is unable to make delivery on your behalf, you will be bought in at the opening on the first business day after settlement date.
These procedures are subject to change as the requirements of the new rule become clearer. Again, thank you for your business with us.
For more information on this rule change, please refer to the SEC website at www.sec.gov.
Please note the SEC adopted new rules related to short sales. This rule is effective September 18, and expires October 1, unless extended.
If you are short a security and our clearing house, Ridge Clearing, is unable to make delivery on your behalf, you will be bought in at the opening on the first business day after settlement date.
These procedures are subject to change as the requirements of the new rule become clearer. Again, thank you for your business with us.
For more information on this rule change, please refer to the SEC website at www.sec.gov.
